Economy & Market

Impact of SC order on cement firms

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Research analysts feel that the impact of the recent Supreme Court ruling on the financials of cement companies would depend on the cash flow of these companies. While hearing the case on cement price cartelisation, the apex court asked the 11 companies to abide by the Competition Appellate Tribunal directive to deposit ten per cent of the penalty imposed by the Competition Commission of India (CCI).

Thus, the 11 companies will have to make a provision of Rs 669 crore in the June quarter for the Rs 6,698-crore penalty levied on them by the CCI. Already cement companies are facing a muted demand and rising costs. Some analysts feel that the financial impact will depend on the cash flow of the companies.

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